GBP / USD witnessed some selling for the third consecutive session on Wednesday. The nervousness of COVID-19 weighed on risk sentiment and benefited the dollar as a safe haven. The withdrawal of US bond yields capped the USD and helped limit the pair’s slide. The pair GBP/USD it remained depressed for the middle of the […]
Tag: Bonds
GBP / USD falls to multi-day lows, below 1.3800 amid stronger USD
GBP / USD witnessed strong selling on Tuesday amid a strong rebound in USD demand. Rising US bond yields helped the USD rebound further from post-NFP lows. Technical selling below 1.3800 compounded bearish pressure around the pair. Intraday selling around the pound accelerated during the mid-European session and dragged the pair down GBP/USD at three-day […]
AUD / USD dips below 0.7400 amid widespread USD strength
The RBA’s decision on Tuesday to extend bond purchases weighed on the Australian dollar. The rally in US bond yields sustained the USD and sparked further selling around the AUD / USD. Sustained weakness below the 0.7400 mark could have set the stage for further weakness. The pair AUD/USD It continued to lose ground during […]
USD / JPY stable, unable to affirm above 110.00
USD / JPY could not hold on to Wednesday’s gains, nor could it hold on Thursday after a modest rise above 110.00. The dollar remains weak in the market in general. The yen lost strength following a rebound in equity markets. USD / JPY is moving in a small range, capped by 109.90 and 110.10, […]
GBP / USD bounces from weekly lows, hovering around 1.3750
GBP / USD reversed an intraday decline to weekly lows, around the 1.3730 region. The lack of strength of the dollar and the mainly lateral movements limited the decline. GBP / USD bounced from the 1.3730 area and returned to the level around 1.3750, which is the point that acts like a magnet so far […]
USD / JPY jumps to three-week highs near 110.50 ahead of ADP employment report
USD / JPY gained momentum on Wednesday and was supported by a combination of factors. Tone of optimism in the markets plays against the yen. The rally in US bond yields revived demand for the dollar and continued to support the bullish move in USD / JPY. The USD / JPY extended the bullish run […]
USD JPY Returns Approaching 110.00, New Session Highs
A combination of factors helped the USD / JPY attract some buying near 109.70 on Monday. Risk appetite undermined the safe-haven JPY and acted as a tailwind for the pair. The recovery in US bond yields extended some support to the USD and provided a modest increase. The pair USD/JPY It rallied around 25 pips […]
USD / JPY near multi-day lows below 110.00 level
USD / JPY saw some selling for the second day in a row on Monday. Powell played down speculation for an early rate hike and weighed on the dollar. The bears take even more clues from the continuing decline in US Treasury yields. The pair USD/JPY remains under pressure during the European session on Monday, […]
USD / JPY clings to gains around 109.75-80 region
A combination of factors helps the USD / JPY regain some positive traction on Wednesday. A rally in US bond yields benefits the USD and provided a modest boost to the pair. The underlying bullish sentiment weighs on the safe-haven JPY and supports the pair’s upward move. The pair USD/JPY holds firm at the start […]
US Dollar Index Recovers to Week-and-a-Half Highs, Past 92.50
The USD strengthened across the board in reaction to July’s stellar US monthly employment data. Speculation about the Fed’s phasing out pushed US bond yields higher. The US Dollar Index (DXY), which measures the performance of the dollar against a basket of currencies, soared to a week and a half highs, past 92.50 in reaction […]
